Cullumber Company borrowed $$1950000$ from BankTwo on January $1,2019$ in order to expand its mining capabilities. The $5-$year note required annual payments of $$507851$ and carried an annual interest rate of $9\mathrm{.}5\%.$ What is the amount of expense Cullumber must recognize on its $2020$ income statement?

$$185250.$

$$121043.$

$$137002.$

$$154603.$